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ProShares UltraShort MSCI Japan ETF (EWV)

- NYSEARCA
  • Mon, Apr. 27, 11:49 AM
    • The yen weakened for a few minutes following the news, but has since retaken that ground, with dollar/yen stronger by 0.15% on the session to ¥119.09. JGBs are snoring through the news as well, with the 10-years up one basis point at 0.30%.
    • Fitch keeps the outlook stable, but warns of another rating cut if: 1) Evidence that the authorities’ commitment to fiscal consolidation was weakening, such as failure to articulate a clear and credible strategy for stabilizing public debt ratios, or slippage relative to targets; 2) Weaker macroeconomic performance than Fitch expects for a sustained period, intensifying the challenge in stabilizing the public finances; 3) A sharp and sustained rise in real interest rates demanded by investors to hold government debt.
    • ETFs: DXJ, EWJ, FXY, YCS, JGBS, JGBD, DBJP, NKY, JYN, EZJ, JPNL, EWV, YCL, HEWJ, ITF, JGBL, JPP, JGBT, JGBB, FJP
    | Mon, Apr. 27, 11:49 AM | Comment!
  • Wed, Apr. 8, 4:58 AM
    • The Bank of Japan's board has voted 8-1 to keep its asset-purchase target at ¥80T a year, rejecting a call by stimulus critic Takahide Kiuchi to slash the goal to ¥45T. (PR)
    • As in the U.S., all that money printing has caused an inflation in assets, if not in consumer goods and services, and the Nikkei rose 0.8% to 19,789.81, the highest close since April 2000. The USD-JPY is -0.4% at ¥119.87.
    • Meanwhile, Japan's current-account surplus surged to ¥1.44T ($12B) in February from ¥61.4B in January and easily beat consensus of ¥1.15T.
    • The latest figure is the highest in almost 3 1/2 years and was boosted by increased income from overseas investments and the trade deficit narrowing to ¥143.1B from ¥864.2B.
    • A main reason for the trend is a drop in oil prices, which has made imports cheaper. The weaker yen is also helping.
    • The surplus, the eighth in a row, indicates that Japan has again become a large external creditor following a series of current-account deficits at the end of 2013. (PR)
    • ETFs: DXJ, EWJ, FXY, YCS, JGBS, DFJ, JGBD, JYN, NKY, DBJP, EZJ, EWV, JPNL, YCL, DXJS, SCJ, JSC, ITF, JGBL, JPP, JGBT, HEWJ, JGBB, FJP, QJPN, JPMV, DXJT, DXJH, DXJR, DXJF, DXJC
    | Wed, Apr. 8, 4:58 AM | 2 Comments
  • Thu, Mar. 12, 8:56 PM
    | Thu, Mar. 12, 8:56 PM | Comment!
  • Nov. 16, 2014, 8:06 PM
    • Real GDP shrank 1.6% on an annualized basis in Q3, confounding forecasts for a 2.25% expansion - in fact, none of the economists surveyed had expected a negative print. It's the 2nd consecutive quarter of contraction - GDP fell 7.3% in Q2 following a 300 basis points boost in the sales tax which took effect on April 1.
    • The Nikkei has knee-jerked lower by 1.4% in response to the slow number, but there could be a positive spin to the news - Prime Minister Abe has said the Q3 GDP print would play a large role in whether he decides to postpone the next boost in the sales tax currently scheduled for October 2015.
    • The yen is marginally stronger vs. the dollar, which currently is buying ¥116.22.
    • ETFs: DXJ, EWJ, FXY, YCS, JYN, NKY, DBJP, EZJ, EWV, YCL, JPNL, ITF, JPP, JPNS, HEWJ, FJP
    | Nov. 16, 2014, 8:06 PM | 25 Comments
  • Oct. 30, 2014, 3:19 PM
    • The Japanese Government Pension Investment Fund is the world's largest pension fund with more than $1T in assets. It's no secret the fund's managers are planning to cut holdings of JGBs and boost allocations to domestic equities (among other assets), but the question is how much.
    • Expectations are for the GPIF to cut its JGB weighting to 40%, but chatter today says the fund plans to go as low as 25%, while ramping its Japanese stock holdings all the way to 25%.
    • Reuters reported yesterday that the GPIF hasn't waited for its review to be completed and has already cut JGB holdings down to just over half the portfolio, but it's not immediately clear where the fund has reallocated that money.
    • EWJ +0.9%, DXJ +1.1%
    • ETFs: DXJ, EWJ, DFJ, NKY, DBJP, EZJ, EWV, JPNL, DXJS, SCJ, JSC, ITF, JPP, JPNS, HEWJ, FJP, QJPN, JPMV, DXJT, DXJH, DXJR, DXJF, DXJC
    | Oct. 30, 2014, 3:19 PM | 1 Comment
  • Oct. 20, 2014, 8:20 AM
    • The Nikkei has slumped alongside Western markets over the past few weeks - down more than 10% - but gained 4% overnight following Friday's big rally in the States.
    • Also at work is a published report saying Japan's $1.2T Government Pension Investment Fund (GPIF) will boost its allocation target for domestic shares to about 25% from 12%. Foreign holdings of stocks and bonds will be lifted to a combined 30% from 23%, while holdings in JGBs will be cut to 40% from 60%.
    • The GPIF has been expected to announce a higher domestic stock target, but the 25% figure is likely toward the top end - if not exceeding - of market expectations.
    • EWJ +2% premarket
    • ETFs: DXJ, EWJ, DFJ, NKY, DBJP, EZJ, EWV, DXJS, SCJ, JPNL, JSC, ITF, JPP, JPNS, HEWJ, FJP, QJPN, JPMV, DXJT, DXJH, DXJR, DXJF, DXJC
    | Oct. 20, 2014, 8:20 AM | Comment!
  • Oct. 17, 2014, 3:41 AM
    • Asian stocks trade mixed as a 14-year low in U.S. weekly jobless claims and talk of the Fed possibly extending QE helps provide balance to concerns about a possible recession and deflation in Europe, the Ebola scare, China's slowdown, and Japan's floundering economy.
    • The Nikkei closes -1.4% while Japanese bond prices rise, with the two-year yield dropping 3.6 bps to a record low of 0.005%.
    • "We need to see a period of better data from the U.S., and especially Europe, for markets to really calm and volatility to cool," says market strategist Chris Weston.
    • Nymex crude is +0.2% to $82.86 and Brent is +0.1% to $85.89, but the latter is still headed for a fourth consecutive weekly loss.
    • Hong Kong +0.4%, China -0.65%, India +0.25%.
    • ETFs: DXJ, EWJ, FXY, YCS, JGBS, DFJ, JGBD, JYN, NKY, DBJP, EZJ, EWV, YCL, DXJS, SCJ, JPNL, JSC, ITF, JGBL, JPP, JGBT, JPNS, HEWJ, JGBB, FJP, QJPN, JPMV, DXJT, DXJR, DXJH, DXJF, DXJC
    | Oct. 17, 2014, 3:41 AM | Comment!
  • Oct. 14, 2014, 2:58 AM
    | Oct. 14, 2014, 2:58 AM | Comment!
  • Oct. 2, 2014, 7:18 AM
    • The Nikkei had its worst day in seven months overnight, plunging 2.6% following the ugly session in the States. Plunging itself for a few weeks now, the yen (NYSEARCA:FXY) put in a positive session, rising 0.25% vs. the dollar to ¥108/63.
    • ETFs: DXJ, EWJ, FXY, YCS, JYN, NKY, DBJP, EZJ, EWV, YCL, JPNL, ITF, JPP, JPNS, HEWJ, FJP
    | Oct. 2, 2014, 7:18 AM | 2 Comments
  • Aug. 11, 2014, 8:19 AM
    • Also helping to boost the Nikkei to a 2.4% bounce overnight following a 3% plunge on Friday was a report on the Government Pension Investment Fund temporarily removing a cap on domestic stock investment.
    • The action enables the massive GPIF to allocate more funds to Japanese stocks ahead of the upcoming official review at which it's likely to be allowed to raise its goal for equities to 20% of the portfolio from the current 12%. "[It's] a surprise for the market in that they are going to increase their stock holdings sooner," says a local equities strategist.
    • Previously: Nikkei posts largest daily percentage gain since mid-April
    • ETFs: DXJ, EWJ, NKY, DBJP, EZJ, EWV, JPNL, ITF, JPP, JPNS, HEWJ, FJP
    | Aug. 11, 2014, 8:19 AM | Comment!
  • Aug. 8, 2014, 7:19 AM
    • The Nikkei capped a tough week, falling 3% overnight with Obama's ordering of airstrikes in Northern Iraq a convenient excuse for the decline.
    • Today's session also happens to be the busiest earnings report day of the season and Nikon Corp. tumbled 9.4% after lower full-year guidance, Taiyo Yuden dove 8.9% after cutting its outlook, and Nisshin Steel plunged 9.8% after profit fell 99%.
    • The BOJ maintained its pledge to boost the monetary base by ¥60T-¥70T.
    • The dollar is weaker vs. the yen by 0.25%, with dollar/yen down to ¥101.83.
    • ETFs: DXJ, EWJ, DFJ, NKY, DBJP, EZJ, EWV, SCJ, DXJS, JPNL, JSC, ITF, JPP, JPNS, HEWJ, FJP, DXJT, JPMV, QJPN, DXJH, DXJR, DXJF, DXJC, FXY, YCS, JYN, YCL
    | Aug. 8, 2014, 7:19 AM | Comment!
  • Jul. 18, 2014, 2:15 PM
    • Dan Loeb's Third Point hedge fund is renewing a bet on Argentine government debt, expecting the country will reach a deal with creditors to resolve claims from its 2001 default by the end of the year, and is taking a stake in state-controlled oil company YPF (YPF +5.2%).
    • "We are in the midst of a critical inflection period for the country: If the government settles with its hold-out creditors, Argentina will regain access to global capital markets,” according to the hedge fund's Q2 letter to investors.
    • Third Point says Japan has been the biggest source of losses this year, but the firm is still finding opportunities in the country and expects macro conditions that have been headwinds to become more favorable toward the end of the year.
    • Earlier: YPF pops as Third Point is said to increase stake.
    • ETFs: DXJ, EWJ, ARGT, NKY, DBJP, EZJ, EWV, JPNL
    | Jul. 18, 2014, 2:15 PM | 1 Comment
  • Jul. 18, 2014, 2:51 AM
    • Japanese shares fell to a one-week low today and dropped to their largest one-day fall in three weeks after investors turned risk averse due to the downed Malaysian Airlines passenger jet shot down over Ukraine's eastern border.
    • The Nikkei sank 1% to 15,215.71, its lowest close since July 11. The index also fell 1.7% at one point during Friday's trading.
    • The Topix shed 0.8% to 1,263.29 at the close of trading in Tokyo. JPX-Nikkei Index 400 dropped 0.7% to 11,505.50.
    • ETFs: DXJ, EWJ, DFJ, NKY, DBJP, EZJ, EWV, SCJ, JPNL, DXJS, JSC, ITF, JPP, JPNS, HEWJ, FJP, DXJH, DXJR, DXJF, DXJC, DXJT, FXY, YCS, JYN, YCL
    | Jul. 18, 2014, 2:51 AM | 5 Comments
  • Jun. 17, 2014, 4:09 AM
    • Japanese shares rose today, with the Nikkei climbing 0.3% to 14975.97, after dropping 1.1% on Monday, although trading volume hit its two month low amid escalating tensions in the Middle East and Ukraine.
    • The Topix rose 0.3% to 1,238.20 at the close of trading in Tokyo, with 1.68B shares changing hands. JPX-Nikkei Index 400 also ended up 0.3% at 11,275.02.
    • Dollar/yen slid back 0.1% to ¥101.91, after rising 0.2% yesterday.
    • ETFs: DXJ, EWJ, DFJ, NKY, DBJP, EZJ, EWV, SCJ, JPNL, DXJS, JSC, ITF, JPP, JPNS, HEWJ, FJP, DXJH, DXJR, DXJF, DXJC, DXJTFXY, YCS, JYN, YCL
    | Jun. 17, 2014, 4:09 AM | 2 Comments
  • Jun. 2, 2014, 7:56 AM
    • The Government Pension Investment Fund should announce a reshuffling of assets in which, predicts Nomura, it would sell as much as $200B in domestic bonds to buy overseas assets. The team at Nomura sees the move as weakening the yen about about 10%.
    • If done at the right time, says Mitsubishi UFJ's Daisaku Ueno, dollar-yen could top ¥110 this year (¥102 at the moment).
    • A Bloomberg survey sees the fund cutting its local bond holding from 60% to 40%, and boosting its targets for foreign stocks to 17% and 14% (from 12% and 11%, respectively).
    • The Nikkei closed 2.1% higher overnight.
    • ETFs: DXJ, EWJ, FXY, YCS, DFJ, JYN, NKY, DBJP, EZJ, EWV, YCL, SCJ, JPNL, DXJS, JSC, ITF, JPP, JPNS, HEWJ, FJP, DXJT, DXJH, DXJC, DXJR, DXJF
    | Jun. 2, 2014, 7:56 AM | 1 Comment
  • May 22, 2014, 8:28 AM
    | May 22, 2014, 8:28 AM | Comment!
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EWV Description
ProShares UltraShort MSCI Japan seeks daily investment results, before fees and expenses, that correspond to twice (200%) the inverse (opposite) of the daily performance of the MSCI Japan Index.
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Country: Japan
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